Alex Ngarambe Kigali — The National Bank of Rwanda (NBR) will regulate the new mobile money transfer system that will soon be introduced by MTN Rwanda, the central bank Governor said. François Kanimba said MTN has approached the Central Bank and that the bank has issued the company a license of operation after satisfying the
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KCB ‘mobile wallet’ stirs money transfer market
OKUTTAH MARK From the domestic kitten to the cheetah, the fastest animal on earth, and the lion, the king of the jungle, all cats are reputed for hiding their claws until they are ready for the big kill. KCB, whose symbol is a lion, is poised to pounce on the mobile banking scene after it
Transfer charges erode value of remittance cash
STEVE MBOGO A substantial amount of remittances is still being lost because of high transaction costs because of failure by governments to allow more institutions to carry out international money transfers. A new report by the International Fund for Agriculture Development (Ifad) says as much as 20 per cent of the cash is lost, money
MPESA enters Air Travel Industry
SIMON NDONG’A Air travelers will now be able to book their tickets from their mobile phones and pay through Safaricom’s money transfer service, M-Pesa This follows the signing of an agreement between the listed telecoms firm and three local airlines – East African Safari Air, Air Kenya and Aircraft Leasing Services. Chief Executive Officer Michael
Rwanda : MTN Targets Two Million Subscribers By End of Year
Alex Ngarambe Kigali — MTN Rwanda, the country’s first and largest mobile operator by market share expects to hit 2 million customers by the end of the year. According to Yvonne Makoro, Senior Marketing Executive of the Nyarutarama based Telecom Company, the company is optimistic that it would achieve this by providing good and quality
Remittances Hold Immense Untapped Potential for the Poor
Sponsor Wire. “Sending Money Home to Africa” African workers send home more than US$40 billion to the region each year but restrictive laws and costly fees hamper the power of remittances to lift people out of poverty, according to a new report by the UN’s rural poverty agency, the International Fund for Agricultural Development (IFAD).
Visa and Zain to Launch the First EMV-Chip Compliant NFC Mobile Payment Trial in the Middle East
NBK Partners with Visa and Zain to Launch the First EMV-Chip Compliant NFC Mobile Payment Trial in the Middle East National Bank of Kuwait (NBK),the largest bank in Kuwait and Visa Inc, the world’s leading payment solution provider have partnered with Zain the leading telecommunications operator across the Middle East and Africa to launch the
Nokia Taps Tanla for Mobile Payments Services
Mobile payments software provider, Tanla Solutions says that it has signed a 5 year agreement with Nokia covering License Management, Mobile Payments and related professional services. Tanla’s License Manager product, for rights management of applications and software on mobile devices, has already been installed on a hundred million Symbian based devices. License Manager seamlessly integrates
Directory listing on MobileMoneyAfrica
Due to increased demands for information in the Mobile Money Space and strong compelling needs to evaluate different offerings,we are compelled to offer this services to meet the needs of our Global readership which is inching towards the 500,000 mark and we hope to achieve e-Magazine downloads in same region before the end of the
FrontlineSMS:Credit – The Future of MicroFinance
FrontlineSMS:Credit aims to make every formal financial service available to the entrepreneurial poor in 160 characters or less. By meshing the functionality of FrontlineSMS with local mobile payment systems, implementing institutions will be able to provide a full range of customizable services, from savings and credit to insurance and payroll. www.credit.frontlinesms.com
